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Speaker 1: News when you want it with Bloomberg News now, I'm

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Speaker 1: Doug Prisner. The Bank of Japan has hiked its policy

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Speaker 1: rate by twenty five basis points now. This move was

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Speaker 1: widely expected, and the overnight call rate is now fifty

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Speaker 1: basis points, the highest level in nearly seventeen years. We

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Speaker 1: got reaction from Masazumi Wakatabi, former Deputy governor of the

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Speaker 1: Bank of Japan.

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Speaker 2: For short time.

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Speaker 3: I think it's not quite clear because if the answer

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Speaker 3: is lifted up, then you know the stock market would

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Speaker 3: react to positivity.

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Speaker 1: That is Masazumi Wakatabi, former deputy governor for the Bank

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Speaker 1: of Japan. Now, the BOJ says the Japanese economy has

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Speaker 1: recovered moderately despite some weakness.

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Speaker 2: Earlier.

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Speaker 1: Today, President Trump signed executive actions related to cryptocurrency and

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Speaker 1: artificial intelligence, and now an internal working group on crypto

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Speaker 1: will be submitting a report to the President within six months.

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Speaker 1: But this order was met with mixed reaction in the

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Speaker 1: crypto commit unity. Some were disappointed the order did not

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Speaker 1: specify bitcoin as the center of a national reserve. A

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Speaker 1: short while ago, the President said he had a good,

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Speaker 1: friendly conversation with China's President Chi Jinping. Speaking with Fox

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Speaker 1: News Channel's Hannity, Trump addressed tariffs on Chinese goods.

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Speaker 4: We have one very big power over China, and that's tariffs,

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Speaker 4: and they don't want them, and I'd rather not have

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Speaker 4: to use it.

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Speaker 1: That is President Trump, speaking earlier on Fox News Channel's Hannity.

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Speaker 1: The remarks have sent Chinese stocks hire. Earlier in the day,

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Speaker 1: Trump addressed attendees at the World Economic Forum in Davos, Switzerland.

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Speaker 1: He joined by videolink and said that he will ask

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Speaker 1: Saudi Arabian Crown Prince Mohammed bin Salman for one trillion

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Speaker 1: dollars worth of investments into the US now. Earlier, Saudi

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Speaker 1: state run news reported that MBS told the President he's

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Speaker 1: willing to expand investments. Here's Trump.

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Speaker 4: But it's also reported today in the papers that Saudi

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Speaker 4: Arabia we'll be investing at least six hundred billion dollars

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Speaker 4: in America. But I'll be asking the Crown Prince, who's

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Speaker 4: a fantastic guy, to round it out to around one trillion.

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Speaker 4: I think they'll do that because we've been very good

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Speaker 4: to them.

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Speaker 1: That is President Trump speaking there. He went on to

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Speaker 1: make some other headlines. He called on OPEC plus to

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Speaker 1: boost oil production, and he accused Bank of America CEO

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Speaker 1: Brian moynihan of not serving conservatives. We got reaction to

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Speaker 1: all of this from Bloomberg's Nick Wattams.

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Speaker 3: So very much in keeping with the president where he is,

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Speaker 3: obviously in his MILIU, feels very comfortable but has no

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Speaker 3: qualms about being extremely confrontational, presumably in part because he

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Speaker 3: knows the response he's going to get, which is essentially

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Speaker 3: applause and in some cases a little bit of awkward laughter,

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Speaker 3: but there at the end a hope that he'll come

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Speaker 3: in person next year.

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Speaker 1: That is Bloomberg's Nick Wattums. A federal judge has temporarily

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Speaker 1: blocked President Trump from restricting who is eligible for automatic

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Speaker 1: US citizenship at birth. The judge called Trump's executive order

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Speaker 1: blatantly unconstitutional, and New York Representative Nicole Malyotakis weighed.

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Speaker 5: In, I think there is an opportunity for President Trump

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Speaker 5: to end the birthright a citizenship if the parents are

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Speaker 5: here illegally. I think that is the difference, and we'll

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Speaker 5: see how this does play out in court. But I

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Speaker 5: think that a lot of people, if the parents are

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Speaker 5: here illegally think that the birthright citizenship should not be valid.

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Speaker 1: That is New York Representative Nicole Malyotaka speaking there. The

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Speaker 1: legal challenge was filed by four states. It was the

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Speaker 1: first of several lawsuits to get a hearing elsewhere in Washington,

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Speaker 1: Defense Secretary nominee Pete Hegseth cleared a procedural hurdle in

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Speaker 1: the Senate. This puts the former Fox News host on

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Speaker 1: track for a final confirmation vote now. Before the latest vote,

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Speaker 1: Senator Chuck Schumer took aim at heg Seth, citing allegations

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Speaker 1: of heavy drinking and mistreatment women.

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Speaker 6: If there was one word, one word that should never

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Speaker 6: ever describe as Secretary of Defense, it is erratic. But

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Speaker 6: that is the one word that describes mister Hegseith's best.

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Speaker 1: That is Senator Chuck Schumer there now. Senators Lisa Murkowski

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Speaker 1: and Susan Collins were the only two Republicans to vote

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Speaker 1: against moving on a final vote on Hegseth. They cited

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Speaker 1: concerns about his judgment and stance on women in combat.

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Speaker 2: After the Bell.

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Speaker 1: Texas Instruments gave a disappointing earnings forecast for the current quarter.

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Speaker 1: More from Bloomberg's Charlie Pellett.

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Speaker 2: It's assigned TI is contending with still sluggish chip demand

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Speaker 2: and higher costs tied to a factory expansion. It says

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Speaker 2: sales will be three point seventy four billion to four

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Speaker 2: point zero six billion, compared with an estimate of three

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Speaker 2: point eight six billion dollars. Texas Instruments gets the biggest

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Speaker 2: portion of its sales from manufacturers of industrial equipment and vehicles,

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Speaker 2: making its projections a bell weather for much of the

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Speaker 2: global economy. In New York, Charlie Pellett Bloomberg.

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Speaker 1: Radio, and that is news when you want it with

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Speaker 1: Bloomberg News. Now, I'm Doug Prisoner and this is Bloomberg